Unusable Personal Property definition

Unusable Personal Property means Authority property other than real property which has become permanently useless to the Authority through damage, obsolescence, wear or some other cause, and is uneconomical to repair or put back into usable form, but which may have resale value.
Sample 1

Examples of Unusable Personal Property in a sentence

  • All real and personal property taxes owed the County must be paid prior to any award of a contract or purchase.(Amended March 27, 1998 - paragraph 6 added) §4-406 Sale of Obsolete or Unusable Personal Property.

  • The memo from Ms. Jeffries stated that the Board had suggested certain changes to Resolution 1998-15, Relating to the Disposition of Obsolete, Worn-out or Unusable Personal Property, at the June 29, 2006, Board meeting.

  • Those changes, to update the state statute citation and address erasure of computer hard drives, were incorporated into Resolution 2006- 16, Relating to the Disposition of Obsolete, Worn-out or Unusable Personal Property, which rescinds Resolution 1998-15.

  • As stated in the Resolution 2006-16, Relating to the Disposition of Obsolete, Worn-out or Unusable Personal Property, the Board is required to make a specific finding that items are worn-out, unusable, or obsolete before they are to be removed from the inventory.

  • Mr. Lovato noted that Ms. Jeffries' memo stated that Resolution 2006-16, Relating to the Disposition of Obsolete, Worn-out or Unusable Personal Property, requires the Board to make a specific finding that items are worn-out, unusable, or obsolete before they can be removed from the inventory.

  • Director Hernandez made a motion that the Board adopt Resolution 2006-16, Relating to the Disposition of Obsolete, Worn-out or Unusable Personal Property.

Related to Unusable Personal Property

  • Tangible Personal Property has the meaning set forth in Section 2.01(e).

  • Excluded Personal Property has the meaning set forth in Section 2.2(c).

  • Leased Personal Property shall have the meaning given such term in Section 2.1(e).

  • Eligible personal property means property that meets all of the following conditions:

  • Personal Property shall have the meaning set forth in the granting clause of the Mortgage.

  • Intangible Personal Property means incorporeal personal property including, but not limited to, deposits in banks, negotiable instruments, mortgages, debts, receivables, shares of stock, bonds, notes, credits, evidences of an interest in property, evidences of debt, and choses in action generally.

  • Assisted cleaning or washing of tangible personal property means cleaning or washing of tangible personal property if the cleaning or washing labor is primarily performed by an individual:

  • Tenant’s Personal Property means all motor vehicles, Inventories, FAS and any other tangible personal property of Tenant, if any, acquired by Tenant at its election and with its own funds on and after the date hereof and located at the Leased Property or used in Tenant's business at the Leased Property and all modifications, replacements, alterations and additions to such personal property installed at the expense of Tenant, other than any items included within the definition of Proprietary Information.

  • Fixtures and Equipment means, with respect to any Person, all of the furniture, fixtures, furnishings, machinery and equipment owned or leased by such Person and located in, at or upon the Assets of such Person.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Plant and Equipment means permanent plant, equipment, machinery, apparatus, articles and things of all kinds to be provided and incorporated in the Facilities by the Contractor under the Contract (including the spare parts to be supplied by the Contractor under GCC Sub-Clause 3.3 hereof), but does not include Contractor’s Equipment.

  • Non-Public Works and Improvements means all competitively solicited procurement of Supplies and/or Services by the City not solicited as Public Works.

  • Existing Equipment means equipment, machines, devices or installations that are in operation prior to September 23, 1970.

  • Furniture means articles of which wood, reeds, rattan, cane, seagrass or metal comprise the whole or part and such as are usually made or assembled by cabinet makers, assemblers in the furnishing trades, chair and couch makers, upholsterers, wood carvers, or wood turners; and

  • Personal Property Leases has the meaning set forth in Section 2.1(e).

  • Leased Equipment means the equipment which may include but not limited to modem provided by TM on lease basis to enable usage of the Service by the Customer, as may be decided by TM from time to time at its sole discretion.

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Fixtures means those leasehold improvements, additions, alterations and installations constituting all or a part of Bank Premises and which were acquired, added, built, installed or purchased at the expense of the Failed Bank, regardless of the holder of legal title thereto as of Bank Closing.

  • Existing Property means all property against which ad valorem property taxes were levied by a local unit for its concluding fiscal year, minus all property that is considered losses for purposes of ad valorem property tax levies of the local unit for the ensuing fiscal year.

  • Building Equipment shall have the meaning set forth in the Security Instrument.

  • Retail Property means a Property improved with a building or buildings the substantial use of which is retail space, which may include a Property that is part of a Mixed-Use Property.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • Real Property means any estates or interests in real property now owned or hereafter acquired by any Grantor and the improvements thereto.

  • Residential property means improved property that:-

  • Fuel burning equipment means any furnace, boiler, apparatus, stack and all associated equipment, used in the process of burning fuel.

  • Excluded Equipment means, at any date, any equipment or other assets of the Borrower or any Guarantor which is subject to, or secured by, a Capitalized Lease Obligation or a purchase money obligation if and to the extent that (i) a restriction in favor of a Person who is not Holdings or any Restricted Subsidiary of Holdings contained in the agreements or documents granting or governing such Capitalized Lease Obligation or purchase money obligation prohibits, or requires any consent or establishes any other conditions for or would result in the termination of such agreement or document because of an assignment thereof, or a grant of a security interest therein, by the Borrower or any Guarantor and (ii) such restriction relates only to the asset or assets acquired by the Borrower or any Guarantor with the proceeds of such Capitalized Lease Obligation or purchase money obligation and attachments thereto, improvements thereof or substitutions therefor; provided that all proceeds paid or payable to any of the Borrower or any Guarantor from any sale, transfer or assignment or other voluntary or involuntary disposition of such assets and all rights to receive such proceeds shall be included in the Collateral to the extent not otherwise required to be paid to the holder of any Capitalized Lease Obligations or purchase money obligations secured by such assets.